Over the past week in the biggest city of China has sold 60 thousand square meters. m of residential property, which is the lowest weekly level since 2005. The percentage decline in comparison with the previous week was 16%, reports Prian with reference to the data portal for real estate Soufun.com. A similar trend experts associated with the expectant position taken by buyers. Many people do not hurry to buy property in the hope that the efforts the Chinese government measures to "cool" the real estate market will lead to lower prices. Recent government actions in this area include an increase in the initial fee on a mortgage when buying a second home from 40% to 50%, as well as a ban on the purchase of more than two apartments per family. During the week of 10 to 16 May, the Shanghai housing under the influence of falling demand has fallen in price by 8%, but prices still remain high. Recall that in April it increased against March in both the primary and secondary segments of the residential real estate market of the city.
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